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Commentary —  13 July 2012

The Church and Its Financial Independence

Salt Lake City, United States — 

The growth of The Church of Jesus Christ of Latter-day Saints from a fledgling band of frontier Americans to a global faith that blesses the lives of millions is one of the great religious success stories of the 19th and 20th centuries.

From the very beginning, members of the Church displayed a remarkable ability to set aside material things for spiritual goals. One of the earliest Church members, Martin Harris, mortgaged his farm to pay for the publication of the Book of Mormon. Other examples of self-sacrifice among the early Latter-day Saints abound.

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Driven from place to place — from Missouri to Illinois to the far reaches of the western frontier — Church members several times abandoned their homes, farms and cottage businesses they had lovingly nurtured. By the time they made the final great trek across the American Plains to the Rocky Mountains, many were already impoverished. Those who came by handcarts because they could not afford wagons are a poignant testimony to that fact.

Brigham Young once remarked that if the Latter-day Saints could have 10 years unmolested in the Rocky Mountain valleys, they would establish themselves as an independent people. Over time, Brigham Young’s vision of a thrifty, independent and spiritual people largely came to be realized.

Complete financial independence and freedom from debt would take several decades, however. Historians today point to the early 1900s as the time when the Church finally began to turn the corner and free itself from decades of indebtedness — specifically highlighting a sermon by Church President Lorenzo Snow in which he called on the Latter-day Saints to renew their commitment to the principle of tithing

Read the full commentary in the Headquarters edition of Mormon Newsroom.

Style Guide Note: When reporting about The Church of Jesus Christ of Latter-day Saints, please use the complete name of the Church in the first reference. For more information on the use of the name of the Church, go to our online style guide.

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